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417 Poplar Street, Laguna Beach, California 92651, Laguna Beach, 92651 - 3 bed, 3 bath

417 Poplar Street, Laguna Beach, California 92651 home-pic-0
ACTIVE$2,895,000
417 Poplar Street, Laguna Beach, California 92651
3Beds
3Baths
2,066Sqft
6,125Lot

Price Vs. Estimate

The estimated value ($2,508,754.385) is $386,245.615 (13%) lower than the list price ($2,895,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income-Generating Potential & Flexibility: This legal nonconforming detached duplex plus a permitted detached ADU offers significant rental income potential, or the flexibility to convert into a stunning single-family residence, appealing to both investors and homeowners.
Top Cons:
Age of Property: Built in 1937, the property is likely to require significant updates, renovations, or modernization to its systems and aesthetics to meet contemporary standards and maximize its potential.

Compared to the nearby listings

Price:$2.90M vs avg $3.10M ($-200,000)45%
Size:2,066 sqft vs avg 2,018 sqft53%
Price/sqft:$1.4K vs avg $1.6K41%

More Insights

Built in 1937 (88 years old).
Condition: Built in 1937, this property is very old, and the listing description explicitly notes its age as a weakness, stating it 'is likely to require significant updates, renovations, or modernization to its systems and aesthetics.' The absence of any interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are severely outdated and in need of substantial renovation or replacement. While the ADU plan from 2021 indicates some recent work on that unit, the overall property, especially the main duplex, is likely in a condition that requires extensive rehabilitation to meet modern standards and comfort. The emphasis on 'LEGACY HOME potential' and 'converting this into a stunning single-family residence' further implies that the current condition is far from desirable and necessitates major investment.
Year Built
1937
Close
-
List price
$2.9M
Original List price
$3M
Price/Sqft
$1,401
HOA
-
Days on market
-
Sold On
-
MLS number
25575459
Home ConditionPoor
Features
Deck
Patio
View-

About this home

Think LEGACY HOME potential & MULTIGENERATIONAL RETREAT! *** Receive rental income while going through Laguna's design and planning process. *** Zoned R1 (Single-Family Residential), this legal nonconforming detached duplex plus a permitted detached ADU offers incredible flexibility with ocean view potential. Whether you're an investor seeking additional rental income or a homeowner looking to capitalize on a rare opportunity by converting this into a stunning single-family residence, this property presents exceptional potential in a highly desirable location, The Tree Streets in North Laguna Beach. *** Just a short stroll to renowned art galleries, Heisler Park, local restaurant favorites and convenient public transportation, including Laguna's free trolley. *** This property places you in the center of coastal charm and culture. Enjoy the vibrant energy of Laguna Beach year-round with iconic events such as the Pageant of the Masters, Sawdust Art Festival, and Art-A-Fair, all celebrating the city's deep artistic roots. When the holiday season approaches, don't miss Hospitality Night in December, when the streets come alive with festive lights, music, and community cheer. *** Nestled in one of Laguna's most sought-after neighborhoods, this property blends coastal living with unbeatable convenience, making it a must-see! Don't miss this incredible opportunity to own a piece of Laguna Beach history. *** PLEASE DO NOT DISTURB TENANTS! A STRICT 24 HOUR NOTICE IS REQUIRED for showings by pre-qualified buyers only.

Condition Rating
Poor
Built in 1937, this property is very old, and the listing description explicitly notes its age as a weakness, stating it 'is likely to require significant updates, renovations, or modernization to its systems and aesthetics.' The absence of any interior photos, particularly of the kitchen and bathrooms, strongly suggests these areas are severely outdated and in need of substantial renovation or replacement. While the ADU plan from 2021 indicates some recent work on that unit, the overall property, especially the main duplex, is likely in a condition that requires extensive rehabilitation to meet modern standards and comfort. The emphasis on 'LEGACY HOME potential' and 'converting this into a stunning single-family residence' further implies that the current condition is far from desirable and necessitates major investment.
Pros & Cons

Pros

Income-Generating Potential & Flexibility: This legal nonconforming detached duplex plus a permitted detached ADU offers significant rental income potential, or the flexibility to convert into a stunning single-family residence, appealing to both investors and homeowners.
Prime North Laguna Beach Location: Nestled in 'The Tree Streets' of North Laguna Beach, the property boasts a highly desirable address with excellent walkability to renowned art galleries, Heisler Park, local restaurants, and public transportation, including the free trolley.
Ocean View Potential: The property description highlights 'ocean view potential,' suggesting future value appreciation and the opportunity for a buyer to develop or renovate to capture desirable coastal views.
Legacy Home & Multigenerational Retreat: Positioned as a 'LEGACY HOME potential & MULTIGENERATIONAL RETREAT,' the property offers a rare opportunity for significant development into a high-value, long-term asset in a sought-after area.
Vibrant Lifestyle & Cultural Access: Enjoy year-round access to Laguna Beach's vibrant cultural scene, including iconic events like the Pageant of the Masters, Sawdust Art Festival, and Art-A-Fair, blending coastal living with rich artistic roots.

Cons

Age of Property: Built in 1937, the property is likely to require significant updates, renovations, or modernization to its systems and aesthetics to meet contemporary standards and maximize its potential.
Current Lack of Ocean View: Despite the 'ocean view potential' mentioned, the structured data indicates 'view: None,' meaning the property does not currently offer an ocean view, which would require substantial investment or redevelopment to achieve.
Tenant Occupancy & Showing Restrictions: The property is tenant-occupied, requiring a strict 24-hour notice for showings by pre-qualified buyers only, which can limit showing flexibility and accessibility for potential purchasers.

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